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PRESENTING BY---

Keshav Memorial Institute

Commerce sciences

Topic: Features of tally & reason for growth

NAME: NAINI.CHANDRAKUMAR

ROLL NO: 1110-20-407-115

SECTION: B-COM/HONOURS

DATE:30-11-2022

SUBJECT: COMPUTERIZED ACCOUNTNG

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Topics:

History of Tally

Features of Tally

Reason for growth

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Shyam Sunder Goenka

Bharat Goenka

HISTORY OF TALLY

Tally solutions

Co-founders

Tally solutions was co-founded in 1986 by SHYAM SUNDER GOENKA and his son BHARAT GOENKA

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Tally solution Pvt Ltd is a Indian multinational technology Company. That provides Enterprise Resource Planning .
It is began as Peutronics Financial Accountant, An software application.
In the year 1999 the company name changed toTally solutions.

In 2006, tally launched tally 8.1, a concurrent multi-lingual version.

In 2009, the company released tally.ERP 9, and in 2016 Tally ERP 9 released with Taxation features.

Tally introduction

*In the year 2020 tally solutions released the Tally Prime*

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FEATURES OF TALLY

EASY TO USE

Tally is largely considered the best because it is easy to use, has no codes, robust and powerful, executes in real-time, operates at high speed, and has full-proof online help.

2. MAINTAINCE

Using the Tally, you can create and maintain the accounts up to 99,999 companies.

3. PRODUCE IMPORTANT REPORTS

Your P&L Statement (or Financial Statements), Balance Sheet, and Cash Flow Statement, which displays essential information like revenue and expenditure for the month, quarterly, or year, may all be downloaded with the press of a button.

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4. CUSTOMIZATION

The feature of Tally customization makes the software suitable for distinctive business functions.

5. MULTI-LANGUAGE SUPPORT

Tally is also called multi-lingual tally software because Tally ERP 9 supports multi-languages. In Tally, accounts can be maintained in one language, and reports can be viewed in other languages.

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Reasons for the growth of Tally?

1. Data Security

Data entered in Tally is solid and safe. There is no extent of tempering or changing info, in the wake of being entered in the software

2. Payroll Management

There are a few calculations that should be made while dispensing salary to representatives. Tally helps in keeping up financial details of the organization that incorporates net deductions, bonuses, payment and taxes.

4. Remote Access

Employees can get to financial data by logging in utilizing a User ID and Password. This should be possible sitting at the comforts of one’s home or office.

3. Banking Sector Management

Banks use Tally software to figure interests on deposits and furthermore manage different customer accounts. Accounting Software ensures guarantees ease in calculation and makes keeping money less complex.